the british and american governments have often been accused of destroying lives in their own interests while you see in this these techniques is the state devising methods to him to essentially destroy the personality of an individual. by scientific. this is how one doctor his theories were allegedly used in psychological warfare against prisoners deemed a danger to the state that was the foundation for the method of psychological interrogation psychological courtroom those who disseminated from within the u.s. intelligence community and worldwide among our allies for the next 30 years and the victims say they still live with the consequences today.

this is the one business where you can't afford to miss i'm rachel live and in washington coming up australia passes a new law queue for tech giants to play to pay for the new content on their platform but that mandatory arbitration cause may not be what it seems but here is a game stopper 3rd in one thing again after the company ousted its financial officer so why are reddit traders up to this time that is you planning to 4th in financial companies to abandon one in the post graph it era and how will the u.k.

respond will this guy we have allowed to get to full us get started. australia has officially passed a much anticipated law to you. forced tech giants to pay for the news content on their platform after a fight with facebook led to an unprecedented blackout but while the australian government is calling this compromise a win for the country a number of concerns remain about how it will impact mauler publishers and independent news outlets here's archie's turn a child has with the latest facebook is refreshing australia after a tumultuous month that saw facebook pull news from its platform in protest the tech giant will restore news pages in the country following a landmark agreement with the government experts say more countries may follow the internet platforms need to comply with the rule of law or if they are doing business in australia today australia officially implementing a law that forces tech titans including google and facebook to pay local media

outlets and publishers to link their content in news feeds or in search results the whole purpose of the ministry code process has been to give a strong incentive to the digital platforms to do commercial deals with the struggling news media businesses google already striking deals with major australian news businesses in recent weeks including news corp and 7 west media while facebook is promising to pay $1000000000.00 over 3 years to the news industry adding that the social media platform has invested to $600000000.00 since 2018 we're working across the full range of areas where it is important to make sure that the rule of law applause in relation to all of the things that we do online with the internet and the type of vices of the so-called news media bargaining code comes just days after the government introduced some last minute amendments to the proposed bill after fierce pushback from both google and facebook we've agreed to make some clarifications to the code. when it comes to the designation process by

the treasurer of a particular digital platform a one month notice period will be put in place a country's unprecedented new law has been vigorously debated in recent months facebook even shut down news pages in opposition of the legislation last week those actions were completely indefensible after serious back and forth australia's treasurer josh frydenberg and facebook chief executive mark zuckerberg finally came to an agreement facebook has read friended astray in return facebook agreed to restore the news pages and lift a ban on australians accessing and sharing news australian officials say this new law will ensure news media businesses are fairly compensated for content they generate now many are wondering if there will be similar legislation implemented in other countries already facebook is exploring potential news licensing agreements in canada while microsoft is working with european publishers to push big tech

platforms to pay for news in new york trinity each others r.t. . australia isn't the only country looking to make changes to its laws with big tech in mind here in the u.s. the house judiciary committee is now taking steps to revise antitrust laws following a lengthy investigation into tech giants like google and facebook so joining me now to go from there and up on this topic is international regulatory attorney myles edwards now miles in the case of facebook versus the australian government both sides seem to be declaring victory here why do you think that is. well the book probably not. long after i was able to this is a large software nation michael royal and then the year are close and on the other hand what we wrote books to a large global company and her eggs from 2 sessions as well. so the songs are also true to their constituents. the real rivas

hotel the small and regional news media has all but in reality a move on a need how many needs not dollars all in all for this group and the company another month just mentioned so little went through. the recent book wasn't as real as. it really seems that way and it was interesting to see just how much action facebook check on their part i mean cutting off those news pages altogether was a really big stab showing a lot of power there now as we heard both facebook and google have been opposed to this mandatory arbitration clause and australia's law that gives the government the ability to determine how much they pay publishers if an agreement cannot be reached now that clause is still in the law but not can die and can get out of it if they can prove

a significant contribution to local journalism as they're calling it is there still some concern for smaller independent publishers that they will be left out of the old altogether moving forward. through the not murder public stations of all of them of the process the rim of the product those who produce the little bit of the legislation who's going through i do not remember the armed trenches o.t.s. is an artist not 12 in the green this was going to. the book and google to love the greens are really going to go online on the concerted effort to really capture those agreements in a large media. and if the large media outlets the lot and there will be the small and regional. politicians. form because a large media was lost which are going to really hardest things to the jews will go out with as well yeah that's a really good point now here in the u.s.

lawmakers are looking at revising antitrust laws of course with companies like google and facebook in mind and we've seen a lot of talk about holding tech giants accountable here but what are the odds of those laws not only changing but also being in for speed. well you know i think there's a digital constitution and i trust regulation left 3 or 4 years the little things about monopolies are looking things up merger form the situation is we're the very look here in his office that i mean if you look at the size of the google and their employees and to read more than $21000000.00 to the democrats since 2009 teams and to a lesser degree facebook needed 6 months to have a strong lawyer's interest and when you talk to mother sherman antitrust laws that that 896 the really other than a lot of move this is i really think there is going to be any changes to come

from those agencies but this little trick condition of the f.c.c. regulates or the industry itself has gone out for some sort of solid regulatory organization which launches operate. on it so i think legislation will be small and then you bring up a wonderful point. which was the. sweep was not. too difficult to sort of ease and in forcing it because they're always going to bring the person the unconstitutional concerns well yeah that's fair and it'll definitely be interesting to see not only of congress can get those was changed or if they can make a difference there but then of course what happens when you have someone like facebook suddenly saying hey we're going to cut off service if we don't like what you're doing they've really made a point that in australia so far now we're switching gears a little bit last month france made an agreement with google to pay its publishers

and right now canada and the u.k. are considering passing legislation similar to what we're seeing in australia and now city think that we're likely to continue to see more governments try to at least change their laws to target these big tech giants. neutral colonial years ago. your perris go into another was now with digital colonialism which is even more. than in. more than one doing so. germany. indonesia odland nigeria are all looking. to sink our need to do it and then move on to the great. cause you're in and you're the g.c.r. so not only are they looking to. them but they're also looking not in

your part let's listen to group her cause and it all comes back to power and influence and that's something that facebook and google seem to know a lot about here great insight on this very important topic miles edwards thank you so much for your time. and a story that seems like we're reporting something from several weeks ago once again shares of game stop and amc are up nearly 50 percent thanks to online training and wall street groups on reddit game stop shares more than double late and wednesday session and trading in the stock was pas twice i head of the closing bell including for roughly the final 15 minutes of trading so joining me now to break it all down is invesco host and investigative journalist ben swan ok ben we seem to be right back here again so why didn't we see game stock shares climbing so quickly once again. yes so analysts are saying it has to do with the departure of one of the

executives of the company who essentially stepped down as a result of an activist investor who's come in and said listen game stop needs to focus much more on its online presence and on building its online audience and so there's been the departure of the c. suite manager who's now stepped down saying about $30000000.00 with him when he goes the claim is that that registers got excited about this news and they decided to come back to it i don't think that's entirely it i think what's really happening is again stop the stock was way up about 4 weeks ago as you know it began to come down and when it started coming down what happened wall street hedge funds came in and started shorting the stock again the same thing they got caught doing 4 weeks ago well when they were shorting the stock now all of a sudden you have the wall street bets guys and the retail investors have jumped back in they started pushing that price up by about 50 percent in the last 24 hours and as a result of that they've already caused about $2000000000.00 in losses for those

wall street hedge funds so i think what's happening is because the stock has dropped off so much a lot of those wall street hedge funds decided now's a good time to get back in the short the stock again like we were planning to do 4 weeks ago and they're getting caught again wow so they still haven't learned their lesson and on top of her out of all of the money that that a chief financial officer getting it's not a bad pay out there but it is interesting to see how that's the headline that a lot of websites are running with when it comes to this ok so another stock caught up in this retail frenzy is a.n.c. entertainment so what's happening there. yeah what's interesting about amc is they they've also kind of been one of the favorite of the wall street bets guys you know it was game stop am see a few of these companies amc is doing well they're up about 20 percent over the last 2 days about 6 percent today and the reason for amcs increase seems to be a little more tied to less about shorting the stock and more about recognizing the value in it so a big part of that is supposedly new york governor andrew cuomo is announce that

they'll start reopening theaters in new york for instance and so the idea is well if that happens in new york it will happen nationwide and more and more people will go you know eager to get out of their house eager to stop just watching netflix will get out and watch movies and so on the value of the company will actually right so they idea there's a little bit different than the game stop one though again i think when you listen to what a lot of analysts are saying they're trying to go with kind of the traditional this is why investors would get into this it's not why these investors are good in the wall street because guys are getting in because they're trying to play the game that wall street plays as a decent realized mass of people as opposed to one or 2 hedge funds that's what they're doing so it is a totally different game and i know in response to the last time around we saw a lot of censorship hitting reddit hitting some nice facebook pages all of these places where these people are getting together and congregating and sort of conspiring to go and do this much like a hedge fund but on their own we saw a lot of censorship there is

a concern then that we're going to continue to see that if they keep doing this so what's interesting about that and glad you bring that up because what happened yesterday was that as game stop shares were being sold in the end the value started going up again because it was being bought right to hurt those short sellers as the value was going up read it and the group the wall street bets group on reddit was positive and locked up so that new messages could not be posted there it happened twice yesterday reddit pretended it was some kind of a technical glitch they were having later on said that they straightened it out but didn't explain exactly what it was and why it was had. being specifically with this group as this was happening with game stop again this and maybe it's a legit technical issue but maybe it's not in the reality is this happened with with robin hood it happened with the retail trading sites i would not be surprised if these groups were being throttled on discord and read it in order to prevent them from communicating ok's and not only do you have sort of a cover up in the media coverage of it but you also have

a cover up of whatever's going on on reddit they all seem to have a story to tell when something like this happens ok i want to shift gears a little bit here to talk about coin base it's got to bring that up with having you on as this digital currency exchange company has now filed to go public and if you're a guild that it's revenue more than doubled last year what do we know so far about quite a base yes so so it's not just a crypto currency trading space i would say it's the crypto currency trading space for people who are new to crypto currency right so for people like me i've been critical and seen for a long time how to do anything with it but that's not a criticism of them it's just they are the most mainstream kind of easy you x. u.i. for people getting involved in crypto for the 1st time if you're on you tube you probably see their ads running there you would have all they do a lot of advertising that i think they were advertising during the super bowl but they had about what $1140000000.00 was their net revenue apparently for last year

that's up almost $500000000.00 from the previous year and so yes coinbase is about to become a publicly traded company that's what they're filing to do i think it makes a lot of sense for them they are kind of the pay pal if you will of cryptocurrency even though pay thousands trying to get in the cryptocurrency so i think they'll do well and i think they're going to be extremely valuable company when they do finally i.p.o. but that's what they're doing right now it makes a lot of sense so many people are interested in the space and coinbase is probably the least scary way of getting involved with a client base is the star that's what gets you hooked on getting into cryptocurrency and their friend then you get to get your own wallet and all of that it has a they'll certainly be interesting to see exactly where that one goes and what comes out of it ok inside on the big ben front thank you so much for your time. thank you. time now for a quick break but when we come back the bank of england is speaking out and warning brussels to halt any plans for financial companies to relocate to the new euro zone

and it could likely interesting in the process. that can as we go to break here's a number of clubs. when a traumatic changes since literally it causes a chemical change. and this changes the wear jeans function. sometimes for generations. were more politicized than ever or more polarized than ever the 21st century when speed is measured in megabytes per 2nd. just on their. terms and of course he's in

him at a tronic mail electronic money electronic media infinite possibilities for exchanging information i mean me and my music and. freedom of speech and social media but it's censorship of double standards who should judge what can be said online. the internet audience know totals almost 4500000000 people most all of them are active social network users put one wrong move on their pages deleted digital annihilation don't exist any more. god who runs the show on the web how can anyone stand up to the tech giants if he from the heads of state for. thanks to threats of being banned is there any limits to. the bookstore before i go to the sort of mood i was reasonable way.

since it other than. whatever it paid them is going to the both of us you might be hard to let. a lot of. crock and i put it on the types to the police when the heart of the event has tons of mom i'm going to cause a fuss is my least been. used you get in the. little village in the snow but again it was on the other. after decades as the center of european finance one day and is now facing a new set of challenges in the post rex it era following its departure from the

e.u. the u.k. is already lost billions of dollars worth of stocks and derivatives trading and it's now warning the e.u. against forcing financial businesses to move within their new borders and costing the u.k. trillions as a result in a speech to parliament bank of england chief andrew bailey said he is concerned brussels will introduce new legislation or special penalties in an effort to force banks and dealers to move clearing activities into the eurozone he added quote quite bluntly that would be highly controversial and it would be something we would have to and would want to resist very firmly so joining me now to catch the killer board which board member of the british american business association now here. larry the e.u. derivatives market is worth $681.00 trillion pounds are there concerns that brussels is going to take steps to force these financial businesses to move out of

london and within their own borders in order to get their maximum benefit from all of this. well pleasure to be with you rachel and yes in an answer in a nutshell the else is yes to expand upon that some want. you just mentioned governor of the bank of in is very concerned about this on tuesday reuters reported that european banks based in the u.k. had received letters on specifying that they need to justify their existence and staying in london but they ought to basically relocate into the euro zone this is due to part of the agreement from court equivalency and that stipulates that by basically mid year of 2022 european banks are to relocate into the eurozone so this is a huge issue and of course wasn't covered and wasn't finalized really under the direct that agreement on it has become highly controversial and yes is a big threat and that seems to be the biggest question here is that financial services were not included in boris johnson's record agreement with the e.u.

so do you think there's a possibility that london could be pushing for an agreement in the near future well i well actually on that note i can't speak for the city of london but i will quote the governor of the bank of england again andrew bailey and what he has said is he said while it would be desirable to have a deal it is not to be at any cost it is not to be and i guess is goes back to you know no deal is better than a bad deal that he would rather have a deal but understand he's not going to sign off on something that is detrimental to the city of london that remains next to the u.s. supreme preeminent financial services center of the world no deal is better than a bad deal something to remember there so when it comes to the u.k.'s economy we know that financial services are a very important factor contributing to around 10 percent of the u.k.'s taxes does there appear to be a plan in place for what happens if the e.u. does or when it does flex its power and london is left reeling as

a result yes actually couple of things recently bogle. has reported that 1500 european firms have actually requested to have centers in the u.k. so there's a lot of shift from these european companies that didn't have any center in the u.k. to move there one thing in terms of the london stock exchange though it is the only stock exchange in the 1st stock exchange right now to issue green bonds in terms of the new green economy and a lot of companies in china and india all across asia have actually trading in the on the london the stock exchange with these green bonds and i do think the sort of the backup plan is the emergence of on the strength of tech in london has taken off and to the extent that london now is just off of the u.s. the 2nd tech financial side of the world wow that's really interesting actually and i know we're all talking about technology right now and that seems to be the theme of this show but also a lot of what's in the news right now now here in the u.s.

for the u.s. economy much of the discussion is centered around possible rising inflation and what to do with interest rates now prices climbed in the u.k. point 07 percent from a year earlier but inflation is well below the bank of england's 2 percent target is the u.k. facing similar concerns and how is their newfound independence playing a role well as many things we could cover here rachel but i just want to point to something rather immediate rather immediate is that the pound has bounced back to 143 it was as low as $121.00 in 18 we hit the low point are off the brics it of course and 16 and really then before coated it has been a roller coaster but i would look out the strength of the pound shows that there is a lot of confidence in the future of the u.k. and i would actually put point to liz truss who is the trade secretary who has completed now just over 60 trade agreements on the move one of the most recent ones is an over $6000000000.00 and it's called the amazonian deal with brazil and that

has been finalized so i think that the future plan and outlet. for the u.k. or international trade deals not dependent on the e.u. the strength of the press the pound proves that the other thing to mention is that the n.h.s. is done and the national health service that is has done an exceptional job of rolling out the vaccine and the u.k. is poised to be right now the 1st country in the world to have the majority of its population inoculated with a new vaccine and that is predicted to make sure that the u.k. economy bounces back probably faso than almost any other country in the world interesting and definitely shows that there's a lot for people to look forward to there especially as the u.k. goes off into its new found independence excellent points to consider here hilary ford which thank you so much for your time pleasure rachel anytime. and before we go we are getting a look at a brand new look at the surface of mars thanks to this high definition panorama

taken by the perseverance rover now these high def cameras give researchers the ability to get a more detailed view of the martian geology while deciding which rocks may be the best for sampling the panorama is stitched together from $142.00 images of a crater and what is thought to be an ancient river delta the rover will one day collect samples of this landscape in order for them to be brought to earth for even more study. and that's all for now you can catch a boom bust on demand by downloading the portable t.v. out for your apple or android device was here next time and as always don't forget to question more.

join me every so sleep on me all excited i'm sure i'll be speaking to guest of the world of politics school business i'm show business i'll see you then. it's been decades since the fall of spain's fascist regime but old wounds still haven't healed. me from ego. freedom again the bottom is above all me on the bus at the 6 mean older that i wish that the same question which we know. of newborn babies were torn from their mothers and given away and forced adoption i don't know late. to this day mothers still search for grown children while looking in hope for their birth parents.

in the early ninety's seventy's helmet a psychologist next on the just proposed to the west berlin sen social experiment wanted to let paedophiles adopt don't care for neglected boys experiment was a. good model. on what your. girls come to change i believe that sex with older men would help with the boys socialization over 30 years many children were handed paedophiles to raise. more. work

looking for. work rooms or should move. over for good person. to go through. the headlines this hour on the news president agrees to meet opposition leaders at his residence as thousands rally for prime minister nicole passion and to quit these are live pictures from yet of the country's divisions.